Duplex with Vacant Lower
For Sale
$599,900
3768 Laconia Avenue, Bronx, NY 10469
The first floor and basement are vacant, while the occupied second-floor unit will remain tenant-occupied at closing.
Property Size2,061 SF
Price / SF$291.07
Days on Market8
Property Features for 3768 Laconia Avenue
General Information
Standard status
Active
Size
2,061 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,298
Building Details
Building Size
2,061 SF
Year Built
1950
Listing Agency:
Liberty Chateau Realty Inc
Listed By:
Linh T. Ho
(347) 542-3913
Source:
Shawmetro
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 30 at 5:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liberty Chateau Realty Inc
Investment Insights
Based on property information with market context.
This 2,061-square-foot duplex was built in 1950. The first floor and basement are vacant; the second-floor unit is occupied, has no access available, and will not be delivered vacant.
The property is on Laconia Avenue in the Bronx, near highways, shopping, schools, parks, houses of worship, and public transportation.
The property is on Laconia Avenue in the Bronx, near highways, shopping, schools, parks, houses of worship, and public transportation.
Key Highlights
- 2,061 square feet
- Built in 1950
- Vacant first floor and basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,353
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,060
$1.0M
Cap Rate 7%
$747,900
$747.9K
Cap Rate 9%
$581,700
$581.7K
Market Conditions
NOI Build-Up for 2,061 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.1K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$74.8K $36.29/SF
− OpEx
−$22.4K −$10.89/SF
NOI
$52.4K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,060
Cap Rate 7%
$747,900
Cap Rate 9%
$581,700
Alternative Uses
Best Use
Multifamily LT 5
$747.9K
$654.4K – $872.6K
NOI $52,353 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$677.3K
$592.6K – $790.2K
NOI $47,411 @ 7.0% cap · market cap 7.90%
Theoretical Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $99,969 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The first floor and basement are vacant, while the occupied second-floor unit will remain tenant-occupied at closing.
Where is this duplex located?
The property is located at 3768 Laconia Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,061 square feet; Built in 1950; Vacant first floor and basement
